We are proud to present 2708 Penn Mar Ave, a 5-unit multifamily property in the City of El Monte.
The property is located within the city of El Monte and not subject to any local rent control. The city of El Monte is located within the San Gabriel Valley and amongst the more dense rental markets in the area with over 60% of the housing stock being renter occupied. The city is situated just 15-miles from DTLA and only a few blocks from the 605- and 10 freeways. Tenants enjoy short commutes to many notable attractions like Dodger Stadium, Hollywood Blvd, Crypto.Com Arena, Sofi Stadium, and Intuit Dome. The city is also less than 30-miles from Long Beach and Los Angeles Airports. More intimately, tenants enjoy being walking distance to several retailers along Garey Ave and Valley Blvd like CVS, Food- 4-Less, Northgate Market, and more. El Monte High School and other grade schools and parks are also within a short walk from the property.
2708 Penn Mar Ave is a 5-unit multifamily property offering 4, 1-Bedrooms and 1, 2-Bedroom units. All units are single-story bungalow-style units averaging 600 and 850 square feet. The property sits on an expansive +/- 12,468 square foot lot and offers ample space for on-site parking via garage and covered parking. The property currently collects $9,185 per month from rents and has additional revenue stream potential from on-site parking and an on-site laundry facility. The opportunity is presented at a healthy 4.78% CAP Rate and 12.70 GRM with upside via annual increases or improvements to market rent over time.
The property is located within the city of El Monte and not subject to any local rent control. The city of El Monte is located within the San Gabriel Valley and amongst the more dense rental markets in the area with over 60% of the housing stock being renter occupied. The city is situated just 15-miles from DTLA and only a few blocks from the 605- and 10 freeways. Tenants enjoy short commutes to many notable attractions like Dodger Stadium, Hollywood Blvd, Crypto.Com Arena, Sofi Stadium, and Intuit Dome. The city is also less than 30-miles from Long Beach and Los Angeles Airports. More intimately, tenants enjoy being walking distance to several retailers along Garey Ave and Valley Blvd like CVS, Food- 4-Less, Northgate Market, and more. El Monte High School and other grade schools and parks are also within a short walk from the property.
2708 Penn Mar Ave is a 5-unit multifamily property offering 4, 1-Bedrooms and 1, 2-Bedroom units. All units are single-story bungalow-style units averaging 600 and 850 square feet. The property sits on an expansive +/- 12,468 square foot lot and offers ample space for on-site parking via garage and covered parking. The property currently collects $9,185 per month from rents and has additional revenue stream potential from on-site parking and an on-site laundry facility. The opportunity is presented at a healthy 4.78% CAP Rate and 12.70 GRM with upside via annual increases or improvements to market rent over time.
Property Details
Price:
$1,400,000
MLS #:
CV25073511
Status:
Active
Baths:
0
Address:
2708 Penn Mar Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
619elmonte
City:
El Monte
Listed Date:
Apr 4, 2025
State:
CA
ZIP:
91732
Lot Size:
12,468 sqft / 0.29 acres (approx)
Year Built:
1953
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Community Features
Curbs, Sidewalks
Garage Spaces
1.00
Lot Features
2-5 Units/ Acre
Parking Spots
5.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
1
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address2708 Penn Mar Avenue El Monte CA
- Area619 – El Monte
- CityEl Monte
- CountyLos Angeles
- Zip Code91732
Similar Listings Nearby
- 5940 Temple City Boulevard
Temple City, CA$1,798,800
4.12 miles away
- 12214 Garvey Avenue
El Monte, CA$1,750,000
0.61 miles away
- 11670 Ferris Road
El Monte, CA$1,750,000
1.06 miles away
- 2817 Meeker Avenue
El Monte, CA$1,695,000
0.40 miles away
- 10740 Klingerman Street
South El Monte, CA$1,625,000
1.03 miles away
- 4119 Rosemead Boulevard
Pico Rivera, CA$1,600,000
4.46 miles away
- 9170 Broadway
Temple City, CA$1,568,000
3.88 miles away
- 549 N La Sena Avenue
West Covina, CA$1,495,000
4.72 miles away
- 3722 Durfee Avenue
El Monte, CA$1,488,000
1.14 miles away
- 3312 Evelyn Avenue
Rosemead, CA$1,488,000
4.56 miles away

2708 Penn Mar Avenue
El Monte, CA
LIGHTBOX-IMAGES